Medpace Holdings (MEDP) Tops Q3 EPS by 6c; Boosts FY16 Outlook
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Medpace Holdings, Inc. Reports Third Quarter 2016 Results
November 3, 2016 4:16 PM EDTNet service revenue was $94.8 million, representing an increase of 16.1% from net service revenue of $81.6 million for the comparable prior-year period and a backlog conversion rate of 20.4%. Net new business awards totaled $109.1 million, representing growth of 7.6% from net new business awards of $101.4 million for the comparable prior-year period and a net book-to-bill ratio of 1.15x. GAAP net income was $5.0 million, or $0.13 per diluted share, versus a GAAP net loss of $0.1 million for the comparable prior-year period. Net income margin was 5.3% and (0.2%) for the third quarter of 2016 and 2015, respectively.... More
